Hints and tips:
...A Delaware court will soon begin an auction for Citgo Petroleum, the seventh-largest oil refiner in the United States....
...When Vicki Hollub flew Occidental Petroleum’s Gulfstream V jet to Omaha for a meeting with billionaire investor Warren Buffett in April 2019, she needed cash to place a bet....
...Gustavo Cárdenas, an oil manager who worked for Citgo Petroleum Corp, a US-based, Venezuelan-owned oil company, and Jorge Alberto Fernández, a Cuban-American arrested just over a year ago and accused of...
...Gustavo Cárdenas, an oil manager who worked for Citgo Petroleum Corp, a US-based, Venezuelan-owned oil company, was freed on Tuesday, according to two people familiar with the situation....
...Venezuela frees US oil executive Gustavo Cárdenas, an oil manager who worked for the US-based, Venezuelan-owned oil company Citgo Petroleum Corp was freed yesterday following talks between the Maduro government...
...The men, known as the Citgo 6, all worked at Citgo Petroleum Corp, a US-based, Venezuelan-owned oil company....
...The family had something extra to celebrate that year: Mr Vadell had recently been promoted to the post of vice-president of refining at Citgo Petroleum Corp, a US-based, Venezuelan-owned oil company....
...(FT) ‘We want him home’ It’s been three years since six men were accused by Venezuelan prosecutors of hatching a corrupt plan to refinance up to $4bn of Citgo Petroleum Corp bonds using a stake in the US-based...
...In 2016 PDVSA issued bonds, due to mature this year, using Citgo as collateral. Late last year it defaulted on the debt, prompting creditors to seek compensation....
...to Mr Guaidó, who has named alternative boards for both PDVSA and Citgo....
...“If they don’t change this, someone is going to get blamed for losing Citgo,” he added. “It would be a potentially big hit to the Guaidó team to lose Citgo under their watch.”...
...Payment of the bond is secured against PDVSA’s shares in its US subsidiary, the energy giant CITGO....
...Last year, Citgo made a net profit of $851m, money the Maduro regime desperately needs. In March, the National Assembly in Caracas authorised a $1.2bn loan for Citgo....
...And where there’s a hostile takeover, you can be sure to find Carl Icahn (see: Occidental Petroleum)....
...[and] audit Citgo and investigate any possible irregularities”....
...Citgo’s shares are also held as collateral against a loan to Venezuela by Russian oil company Rosneft....
...at the hub from Kuwait Petroleum....
...Default could lead to an Argentine-style debacle, with creditors attempting to seize state assets such as Citgo Petroleum Corporation, PDVSA’s US-based subsidiary....
...Some market participants have questioned the economics behind the move and whether sufficient demand exists at refineries other than those owned by Citgo Petroleum, a PDVSA subsidiary in the US....
...By end of 2017 diesel and gasoline is scheduled to meet ‘China V’ standards (the main change being sulphur content falling from 50ppm to 10ppm)....
...Related reading: Xi’s gas diplomacy: good for China, less good for Gazprom, beyondbrics Russian gas: Gazprom v upstarts, beyondbrics Gazprom: feeling the squeeze, beyondbrics...
...In February, Mr Dixon and Mr Dell’Osso were given additional retention bonuses in stock options that vest in 2016-2018....
...Some light reading late on Wednesday… the United States Supreme Court’s ruling in Kiobel v Royal Dutch Petroleum....
...Anita Frazier, NPD analyst, said on Friday: “In one month, Elder Scrolls V: Skyrim is just about half a million units shy of matching Elder Scrolls IV: Oblivion in lifetime sales....
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